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Oct 31, 2012
10/12
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KCSMMHZ
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irene takes me on a fast pace tour of the retirement community in her golf cart. florida is home to many retirees, and a high proportion of them vote. i asked her if they are aware of their influence. >> well, you know, we have people in here 94, 93, 99. some of them are still pretty sharp, and then you have others who are not near that age that do not know what day of the week it is. >> most residents in the community have healthy finances and can afford to pay their rent and purchase a home here. that makes them more likely to lean republican. that is the case with irene, who has supported the republicans for over 60 years. but now, she fears that mitt romney may cut her social security and medicare benefits or privatize them. >> i have never been torn like this in any election, and that's the god's truth. i could have lied to you and said i will vote for romney, but i do not know if i am, and i am a republican. >> state pensions and health care are among the biggest contributors to u.s. deficits. americans agree that government spending has to be cut, but the q
irene takes me on a fast pace tour of the retirement community in her golf cart. florida is home to many retirees, and a high proportion of them vote. i asked her if they are aware of their influence. >> well, you know, we have people in here 94, 93, 99. some of them are still pretty sharp, and then you have others who are not near that age that do not know what day of the week it is. >> most residents in the community have healthy finances and can afford to pay their rent and...
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Oct 30, 2012
10/12
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CNBC
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it could cause more flood damage than hurricane irene. water reached record levels in some areas. >> and brian shactman is in the hamptons specifically on the south shore of long island. you're getting used to this wet weather. what has the night been like and how is the day shaping up? >> things have settled down a bit even though the rain has picked up. we're getting as of rain now as we did yesterday. we're three hours east of manhattan and it's a very swanky area in terms of summer properties. jerry seinfeld, robert de niro, paul simon some of the name 2s s that have properties out here. we wait for sunlight to assess the damage. it's almost like a video game on the roads where you have to duck under things and around things. took about a four hour nap, went to bed with 600,000 customers on long island without power. woke up with 900,000 customers. that's not people, just homes. so a lot more people do not have power. overall, it's about 6.5 million customers that did not have power. here it was about the surge in the ocean and the wi
it could cause more flood damage than hurricane irene. water reached record levels in some areas. >> and brian shactman is in the hamptons specifically on the south shore of long island. you're getting used to this wet weather. what has the night been like and how is the day shaping up? >> things have settled down a bit even though the rain has picked up. we're getting as of rain now as we did yesterday. we're three hours east of manhattan and it's a very swanky area in terms of...
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Oct 30, 2012
10/12
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KQEH
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. >> reporter: last year's hurricane irene was the most recent storm pummel theor northeast. it cost the industry roughly $4.3 billion in insured losses. analysts can't yet predict howse steep losses from sandy will be, but they say the companies with the most exposure ilude:de liberty mutual, avelers, allstate, and chubb. auden thinks those firms will bl able to shoulder a financial hit if the storm's damage mirrors that of irene. >> with every event cpanies gather more information on potential losses, so catastrophe losses become much more sophisticated. companies use those to measure aggregationf lossan ential losses from a given event. >> reporter: damage from wind, falling trees, and rain coming through roofs is covered by standard insurance policies. but analysts fear much of the damage from sandy to homes and businesses is likely to come from storm surge floodinwhich isn't. the insurance in rmationon institute estimates roughly 300,000 homes in the northeast could be vulnerable to this type of event. but the institute is optimistic many homeowners have flood insurance.
. >> reporter: last year's hurricane irene was the most recent storm pummel theor northeast. it cost the industry roughly $4.3 billion in insured losses. analysts can't yet predict howse steep losses from sandy will be, but they say the companies with the most exposure ilude:de liberty mutual, avelers, allstate, and chubb. auden thinks those firms will bl able to shoulder a financial hit if the storm's damage mirrors that of irene. >> with every event cpanies gather more information...
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Oct 30, 2012
10/12
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CNBC
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of people whose homes might go there i think contractors and i use it for my beach house redo after irene, sandy is making me go back to that one. it is a high quality luxury home furniture ipo that is growing like a weed. that is why i want you to get a piece of it. back in 2008, the combination of the recession wreaked havoc on it and the company has taken a hit. once it was private the new owners did something they never could have gotten away with. they doubled down with big ticket furniture. ritzy chandeliers and closing many of it's old stores and replacing them with free standing galleries. they are putting up pretty good numbers. the company is taking shares with the home furnishing markets. it is a smaller store base than william senoma. so the company has a lot of room to expand. restoration posted a 27.8% increase in same store sales and for the last 12 months in july they had a 29% increase. people these are bullish numbers. william senoma, these other guys aren't close to their growth rate. that is more expensive than william see gnosenoma. but i think they deserve the rate.
of people whose homes might go there i think contractors and i use it for my beach house redo after irene, sandy is making me go back to that one. it is a high quality luxury home furniture ipo that is growing like a weed. that is why i want you to get a piece of it. back in 2008, the combination of the recession wreaked havoc on it and the company has taken a hit. once it was private the new owners did something they never could have gotten away with. they doubled down with big ticket...
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Oct 31, 2012
10/12
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CNBC
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we also had hurricane irene hit new york last year. so it really trained people to expect -- to prepare for a disaster. maybe not of this scale, certainly, but certainly people learned what to get, how to prepare, so there was a lot of pre-storm shopping done. >> certainly we're looking for the impact on companies like generics, which makes generators, and energizer batteries. in terms of those who may get a benefit from this. the question becomes some of the drugstores. do they lose sales that they won't be able to make back because people aren't picking up prescriptions. maybe they aren't doing their halloween shopping. >> there are some people who will -- the sales will come back, if you will. if you need your medication, you need your medication. you stocked up before the storm, and you'll come back as soon as you can after the storm to make sure that you have your appropriate medication. but that said, there are certain other locations that simply will not recover. sit-down restaurants are probably the most obvious. while they may
we also had hurricane irene hit new york last year. so it really trained people to expect -- to prepare for a disaster. maybe not of this scale, certainly, but certainly people learned what to get, how to prepare, so there was a lot of pre-storm shopping done. >> certainly we're looking for the impact on companies like generics, which makes generators, and energizer batteries. in terms of those who may get a benefit from this. the question becomes some of the drugstores. do they lose...
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Oct 29, 2012
10/12
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MSNBCW
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during irene it was 4.4. we expect to double what we had in irene. that's the problem. that's what kicked in yesterday and that's why the mandatory evacuation order was kicked in. the storm is deep in low pressure, and we expect the wind field to push this water up through long island sound and just to give you an example. you can see what's going on here in terms of how high water is. it's below the sea wall, but it's probably going to be about a good third of the way up this pole. that brings it all the way back into the battery and probably into lower parts of manhattan as well. parts of wall street will probably flood, so we anticipate this water to be much higher. the only difference in it could be the fact that it's going to come up gradually as opposed to quick like with the storm surge. not gradual in like 20 minutes but maybe over an hour or so we see that water coming up and coming up. we see the tunnels here shut down. the brooklyn tunnels now shout done, the holland tunnel is closing at 2:00 this afternoon. that's an order from the governor. when you see thi
during irene it was 4.4. we expect to double what we had in irene. that's the problem. that's what kicked in yesterday and that's why the mandatory evacuation order was kicked in. the storm is deep in low pressure, and we expect the wind field to push this water up through long island sound and just to give you an example. you can see what's going on here in terms of how high water is. it's below the sea wall, but it's probably going to be about a good third of the way up this pole. that brings...
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Oct 30, 2012
10/12
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KTVU
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more than irene's 15.8 billion, last year. but far below katrina's 108-billion dollars and 18-hundred deaths and missing in 2005. unless there is damage to infrastructure, economists say ports and rail yards will make up for lost business quickly. some stock trades, perhaps not--because a light week was expected pending the outcome of the presidential race, a week from now. among insurers, allstate, travelers and chubb corp have the largest market share in sandy's path. corelogic, estimates it includes 284,000 homes worth $88-billion dollars. economists are mixed on whether the storm's impact will affect fourth- quarter g-d-p. mark vitner, senior economist with wells fargo securities says it depends how much is shut down and for how long. mark zandi at moody's analytics says the storm may cause spikes in economic activity--repairing and rebuilding. depsite the storm-- the government is expected to report unemployment numbers for october this friday. phone companies along the east coast are preparing for the likelihood of overt
more than irene's 15.8 billion, last year. but far below katrina's 108-billion dollars and 18-hundred deaths and missing in 2005. unless there is damage to infrastructure, economists say ports and rail yards will make up for lost business quickly. some stock trades, perhaps not--because a light week was expected pending the outcome of the presidential race, a week from now. among insurers, allstate, travelers and chubb corp have the largest market share in sandy's path. corelogic, estimates it...
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Oct 29, 2012
10/12
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WJLA
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the last time was hurricane irene, that was august of last year. this resident lives right on the beach. he, of course, is worried about the waves. >> i'm really, really worried because they just told a friend of mine they think it is going to hit the bay. bay and ocean is going to come together. >> the storm surge along some areas of the east is expected to be 11 feet or higher. and just made worse by the full moon. >> absolutely. hurricane sandy at this hour is still hundreds of miles offshore. but even from that distance, she has battered the coast of north carolina. fierce, unrelenting winds blew off the water all day sunday. the rain that came with it flooded towns inland from the shore. now a cold front is moving in from the west. that is a chilly and unusual aftereffect for a hurricane. people in the carolinas and along much of the east coast scrambled to secure their boats. sandy's outer bands washed away this 30-foot boat and several others along north carolina's crystal coast. some boats were pushed on shore and a mobile home park ended u
the last time was hurricane irene, that was august of last year. this resident lives right on the beach. he, of course, is worried about the waves. >> i'm really, really worried because they just told a friend of mine they think it is going to hit the bay. bay and ocean is going to come together. >> the storm surge along some areas of the east is expected to be 11 feet or higher. and just made worse by the full moon. >> absolutely. hurricane sandy at this hour is still...
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Oct 27, 2012
10/12
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CNNW
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it didn't generate a lot like irene didn't generate. so if this thing stays kind of like the irene, this becomes not a big deal. but that's not the forecast. not a single model does that. every model turns it back into the northeast, either from new york city all the way down to north carolina and then here's the rub that we've never gone through this before. there's not been ever an instance where a computer model has had to work this out in its head or in its computer. there's a cold air mass back here, there's a low here, and another low here, and they're going to combine. what is going to happen when those two combine, we honestly simply don't know. there's not been any history for this in the computer program. the program's only been running for 25 years. maybe a little bit less. >> so just explain to me briefly, what is so unique about that, that combination? >> you have the moisture from a tropical storm and then you have the wind and the energy and even the potential for snow with a low pressure that is a normal low pressure. it
it didn't generate a lot like irene didn't generate. so if this thing stays kind of like the irene, this becomes not a big deal. but that's not the forecast. not a single model does that. every model turns it back into the northeast, either from new york city all the way down to north carolina and then here's the rub that we've never gone through this before. there's not been ever an instance where a computer model has had to work this out in its head or in its computer. there's a cold air mass...
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Oct 31, 2012
10/12
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KRCB
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i don't think the impact is that large. >> i know you've been studying katrina and irene. where does sandy fit in terms of economic impact? what are your numbers showing? >> good question, susie. >> in terms of total economic loss. because airms aren't going, and restaurants aren't serving meals, and the property damage i think tell come to about50 biion. put this in context, that's roughly the consequence of 9/11. it you sad up katrina it was 150 million. it's a big storm and a lot of damage, but less than katrina. >> susie: quickly, mark, because on friday we have the employment numbers coming out. i'd like your take on that. what are you expecting in terms of new job hirings and the unemployment rate? we've created 150,000 jobs a month over the past three years. i expect that's roughly what we'll get. unemployment, as you remember, it dips down unexpectedly to 7.8%, i expect that will notch up a tenth or two. i don't think we go over 8%. >> susie: it could notch up a bilt. good information. mark, always a pleasure talking to you. mark zandi. >> thank you. >> tom: still
i don't think the impact is that large. >> i know you've been studying katrina and irene. where does sandy fit in terms of economic impact? what are your numbers showing? >> good question, susie. >> in terms of total economic loss. because airms aren't going, and restaurants aren't serving meals, and the property damage i think tell come to about50 biion. put this in context, that's roughly the consequence of 9/11. it you sad up katrina it was 150 million. it's a big storm and...
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Oct 30, 2012
10/12
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CNBC
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they had nothing since gloria and irene, now two times in nine years. there are customers without power on long island. it's an economic story and property story because people are losing fishing business. back to you. >> the markets have been closed for two days. they re-open for tomorrow. here's something i haven't been able to say for a while. we have or first move for tomorrow right after this. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's in
they had nothing since gloria and irene, now two times in nine years. there are customers without power on long island. it's an economic story and property story because people are losing fishing business. back to you. >> the markets have been closed for two days. they re-open for tomorrow. here's something i haven't been able to say for a while. we have or first move for tomorrow right after this. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you...
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Oct 26, 2012
10/12
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CNBC
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perhaps even bigger, they say, than last year's hurricane irene. with winds near 80 miles an hour, right now hurricane sandy is moving north along the eastern seaboard, already impacting portions of florida and georgia. mary thompson is tracking preparations ahead of the big storm. >> it's already been dubbed frankenstorm over the halloween horror story at lowe's. the east coast of course bracing for a storm with potential to do billions in damage. the latest update from noaa says heavy rains and flooding is forecast in the mid-atlantic states but high winds could be felt from the carolinas all the way up through new england. corporate america's prepping to serve both customers and protect its employees in light of this storm. at lowe's, a 24-hour command center tracks the storm while it shipped generators, batteries, chainsaws and other items in high demand after the storm to northeast markets expected to be impacted by sandy. as for the power provider, citi noting four with big exposure to the mid-atlantic and pennsylvania areas where the heavies
perhaps even bigger, they say, than last year's hurricane irene. with winds near 80 miles an hour, right now hurricane sandy is moving north along the eastern seaboard, already impacting portions of florida and georgia. mary thompson is tracking preparations ahead of the big storm. >> it's already been dubbed frankenstorm over the halloween horror story at lowe's. the east coast of course bracing for a storm with potential to do billions in damage. the latest update from noaa says heavy...
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Oct 30, 2012
10/12
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CNBC
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you have irene 14 months ago, now this. do your models tell you that this is going to be a more likely scenario over the next, i don't know, 20 or 30 years? >> well, carl, we do model scenarios like this, believe it or not. maybe not exactly this scenario but ones of this kind of severity. and for us i would say it's a manageable event financially. i don't think there's any question that things are different now. at least they have been over the last couple of years. you might expect a company like ours has skilled analytical professionals who do this work in conjunction with industry groups and the weather patterns have been quite different. the question really is, is this a permanent change, or is this just a cycle we're going through which we've had many weather cycles throughout history, as you know. i don't think the answer to that is clear yet. >> right. and, liam, i have to ask you, the impacts on the industry as well as the consumer here, when you hear about these sorts of hurricanes and you hear about the estimated
you have irene 14 months ago, now this. do your models tell you that this is going to be a more likely scenario over the next, i don't know, 20 or 30 years? >> well, carl, we do model scenarios like this, believe it or not. maybe not exactly this scenario but ones of this kind of severity. and for us i would say it's a manageable event financially. i don't think there's any question that things are different now. at least they have been over the last couple of years. you might expect a...
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Oct 3, 2012
10/12
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CNBC
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you know what it is, irene? >> no, i don't. >> ritz, which was unbelievable that -- it's a great brand name and, you know, we're putting on the ritz and things like that, i didn't know. you've got ritz and then oreos, that's got to be the best cookie. >> look, we have an incredible stable, ritz, oreos -- >> what do you use ritz for? i thought doritos and tostitos, but what? for cheese and crackers? maybe the ritz pieces with the peanut butter on the inside. >> that's good. >> yeah, maybe that's -- yeah, we're big fans here. in fact, i'm looking around here and we're done at 9:00, it's probably -- you can't get it over here that quickly here, probably. but next time. >> we'll get you some. >> and, irene, i just wanted to get your thoughts on the different models that people are approaching, the snack business with. you know, in 18 months from now, after now that you've done the spin, there's been some talk that ultimately either business could become an acquisition target. how do you think about the different str
you know what it is, irene? >> no, i don't. >> ritz, which was unbelievable that -- it's a great brand name and, you know, we're putting on the ritz and things like that, i didn't know. you've got ritz and then oreos, that's got to be the best cookie. >> look, we have an incredible stable, ritz, oreos -- >> what do you use ritz for? i thought doritos and tostitos, but what? for cheese and crackers? maybe the ritz pieces with the peanut butter on the inside. >>...
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Oct 29, 2012
10/12
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FOXNEWS
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that's already higher than irene when it made landfall. on top of that wave of 20-30 feet, an epic storm system catastrophic along the jersey shore, long island and connecticut. expecting a landfall, a little quicker now between 5:00 an and:00 p.m. along the jersey shoreline. the worst of the storm will come to the of the center of the storm. we got the counter-clockwise winds pushing storm surge into areas that are vulnerable, southern new york into manhattan, long island sound, connecticut and the jersey shore. we might not see what we have seen before. the time line speeding up a little bit. gusts 80-90 to 100 miles an hour. heavy rainfall up to a foot. but wind gusts anywhere from much of new jersey up towards long island, southern new york, southern connecticut. up to 100-mile-per-hour. widespread coastal flooding. this will be a surge problem. more people die from hurricanes because of surge. there is more property damage because of surge and the winds. a long-lived wind event of 90-100-mile-per-hour battering this coastline. this is
that's already higher than irene when it made landfall. on top of that wave of 20-30 feet, an epic storm system catastrophic along the jersey shore, long island and connecticut. expecting a landfall, a little quicker now between 5:00 an and:00 p.m. along the jersey shoreline. the worst of the storm will come to the of the center of the storm. we got the counter-clockwise winds pushing storm surge into areas that are vulnerable, southern new york into manhattan, long island sound, connecticut...
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hurricane irene affected them. florida was one of their main ports and they got affected by hurricane irene. that will bring down their of the pros. just a year ago there was lockout and they didn't pass the faa taxes for the airlines. airlines pocketed that. this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in fact they also have analysts that are far below the consensus. the smart estimate is 10 cents below the consensus estimate. that says the best analysts and latest --. david: so people aren't confused out there. you see green arrows and plus signs. sri is saying no, this will disappoin
hurricane irene affected them. florida was one of their main ports and they got affected by hurricane irene. that will bring down their of the pros. just a year ago there was lockout and they didn't pass the faa taxes for the airlines. airlines pocketed that. this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we...
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Oct 29, 2012
10/12
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CNBC
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because of irene, are you even more prepared at this point, governor? >> well, we certainly have learned a lot with every storm. we have a great first responder emergency response community in our state. they've been preparing for many days. that being said, this is a significant one. we're seeing a lot of flooding already. we expect people will be without power for a long time. it's a slow moving storm. going to be several tidal cycles. significant impact throughout the state. >> compared to last year with both of those events that we had, you think there's going to be longer and more people without power? >> i do. i think the storm will be here longer for sure. it's slow moving. we expect more people without power. the utilities have been bringing people in from throughout the country so that's a positive. the challenge is that it's so long lasting, the winds are going to be so strong that it could be some period of time before the utilities can actually put people up in their bucket trucks to put poles back up. >> are the centers full near the coast?
because of irene, are you even more prepared at this point, governor? >> well, we certainly have learned a lot with every storm. we have a great first responder emergency response community in our state. they've been preparing for many days. that being said, this is a significant one. we're seeing a lot of flooding already. we expect people will be without power for a long time. it's a slow moving storm. going to be several tidal cycles. significant impact throughout the state. >>...
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Oct 26, 2012
10/12
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CNBC
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now from its command center today, home depot sending sump pumps, shop vacs anticipating lining irene a lot of coastal and inland flooding. for home depot that means demand for carpeting picks up after the storm. if there's any extra profit for the retail that comes out of this storm it comes from demand not pricing. home depot locked in prices this morning just to make sure that consumers will not get gouged. as for paying for the property, property and casualty insurers in good shape thanks to higher premiums and a lack of major events. a major storm may allow some of them to pass on higher prices to their clients. restaurants will see business decline. restaurants like this group you see here can take solace from the fact the storm is hitting did your the slow part of their week. as for the power provider the big exposure these four have in the mid-atlantic region where the heaviest rains and flooded is forecast. any earnings risk lies in prolonged outages in those areas. farther north where heavy wind can cause outages, utilities building on lessons learned from last year. more us
now from its command center today, home depot sending sump pumps, shop vacs anticipating lining irene a lot of coastal and inland flooding. for home depot that means demand for carpeting picks up after the storm. if there's any extra profit for the retail that comes out of this storm it comes from demand not pricing. home depot locked in prices this morning just to make sure that consumers will not get gouged. as for paying for the property, property and casualty insurers in good shape thanks...
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Oct 30, 2012
10/12
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KRCB
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. >> irene last year didn't look like this after it hit. >> they expect the storm will pound a wide area for several days. >> sandy has interacted with cold air from the north and it's become a post tropical cyclone. it's not a tropical cyclone anymore but the field of heavy rain and strong winds are expanding and things will get even worse bause the center of a former hurricane sandy is expected to move into the new jersey coast. extremely dangerous storm surge combined with high tide could cause flooding. that's why hundreds of thousands of people have been ordered to evacuate. it's going to move through pennsylvania into new york city. rain will spread as much as 2000 millimeters with 300 millimeters possibly into wednesday. temperatures are on the chilly side. look at this only 8 degrees in washington, d.c. 10 degrees in philadelphia. lots of heavy know is occurring along the appalachians. we'll will joined later on in the program for more of our updates. president obama and republican challenger mitt romney hav cancelled their campaign appearances. obama returned to the white house
. >> irene last year didn't look like this after it hit. >> they expect the storm will pound a wide area for several days. >> sandy has interacted with cold air from the north and it's become a post tropical cyclone. it's not a tropical cyclone anymore but the field of heavy rain and strong winds are expanding and things will get even worse bause the center of a former hurricane sandy is expected to move into the new jersey coast. extremely dangerous storm surge combined with...
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Oct 29, 2012
10/12
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FOXNEWS
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during hurricane irene, when irene came and barreled through the northeast last year, there were points on the island where the atlantic ocean, touching the day. what they have done, is they have closed the bridge here for any incoming traffic unless you are a first responder person or a member of the media. martha: we are hearing that people have pretty much cleared out. anyone who doesn't heed those warnings -- we do see some people out on the boardwalk there. >> yes, in fact, yesterday, they were picking up people, sending them to shelters. if you take a look at the boardwalk over here, there are quite a few people. it is not just the media. what we are worried about is the storm surge and 20-foot waves on top of that lambing into these hotels. some people are asking us questions, saying that we really don't understand what is going on. please, explain all of us. this is something that is an unprecedented storm they are dealing with, and something that should be taken seriously. martha: seriously, the 11-foot storm surge and waves on top of that -- you were talking about the second s
during hurricane irene, when irene came and barreled through the northeast last year, there were points on the island where the atlantic ocean, touching the day. what they have done, is they have closed the bridge here for any incoming traffic unless you are a first responder person or a member of the media. martha: we are hearing that people have pretty much cleared out. anyone who doesn't heed those warnings -- we do see some people out on the boardwalk there. >> yes, in fact,...
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Oct 28, 2012
10/12
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MSNBCW
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we lucked out with irene, and i don't know. this may be worse. >> nbc's tom strong traung is l rehoboth beach, delaware. any residents left? >> they have about eight hours, the governor issues a mandatory evacuation area. everybody must be out by 8:00. look down the beach, have you several dozen people trying to get their last glimpse. right now, low tide. looks pretty impressive. come high tide, around 6:30, it wouldn't be a surprise if we didn't see water coming up to this fence here. all around rehoboth beach, a lot of businesses boarded up. people making runs to the grocery store, water short, bread is short. people did what they could in terms of preparation. they had about eight hours, around that time, this area will be shut down. cut off the bridges and roads into here it won't be a very pleasant place to stay if the electricity is going to go out. which is a likelihood. 2,000 utility workers and we're talking about the maryland/dc area, baltimore areas, and states of emergencies in those areas as well. a lot of people
we lucked out with irene, and i don't know. this may be worse. >> nbc's tom strong traung is l rehoboth beach, delaware. any residents left? >> they have about eight hours, the governor issues a mandatory evacuation area. everybody must be out by 8:00. look down the beach, have you several dozen people trying to get their last glimpse. right now, low tide. looks pretty impressive. come high tide, around 6:30, it wouldn't be a surprise if we didn't see water coming up to this fence...
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Oct 30, 2012
10/12
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CNBC
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places that didn't experience flooding during irene. certainly did this time. historic event, and it will take some time to recover. >> back to you, scott. >> reynolds wolf for us from the weather channel. hurricane sandy loss estimates are as high as $10 billion, but what does this mean for the insurance stocks. let's welcome josh sterling an insurance analyst at bernstein. thanks for coming on today. >> thank you, scott. >> had an analyst on yesterday looking ahead to the storm who suggested that chub was the best physician. how would you assess who has got the best place right now in the insurance business, given the damage estimates?5zl >> well, you know, that's a great question. the truth of the matter is all will be weak for a few days. looking back in history, what happens is investors in times of uncertainty, until the companies start to report losses, generally the stocks will be weak, and, of course, you know, given this storm and given how many people who are investors and how we've been sitting at home watching television for the past couple of days
places that didn't experience flooding during irene. certainly did this time. historic event, and it will take some time to recover. >> back to you, scott. >> reynolds wolf for us from the weather channel. hurricane sandy loss estimates are as high as $10 billion, but what does this mean for the insurance stocks. let's welcome josh sterling an insurance analyst at bernstein. thanks for coming on today. >> thank you, scott. >> had an analyst on yesterday looking ahead to...
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Oct 30, 2012
10/12
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what happens particularly with irene last year, a lot of retailers learned to cope with this a lot better. so a few years ago, they would have had trouble restocking the stores once the hurricane was over. i expect this time the likes of target, walmart, home depot have put plenty of planning in and they probably started stocking five, section days before the event so they probably will not have as much of a restocking issue. >> let's talk about the christmas season then. to what extent does the storm matter at all? now perhaps people have to spend their money for things they need because they were destroyed perhaps in the storm or whatever. so they might have less disposable income for christmas presents. does that matter at all? >> i do think again none of this is particularly positive, but i wouldn't overstate its impact either. because i think this is coming in a lull, it's during a weekday. halloween is a bit worry because it's been a wash skrout. so if you haven't sold through that stock, you've lost the opportunity. for the rest of them, i think so far if you think about it the u.s
what happens particularly with irene last year, a lot of retailers learned to cope with this a lot better. so a few years ago, they would have had trouble restocking the stores once the hurricane was over. i expect this time the likes of target, walmart, home depot have put plenty of planning in and they probably started stocking five, section days before the event so they probably will not have as much of a restocking issue. >> let's talk about the christmas season then. to what extent...
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Oct 26, 2012
10/12
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FOXNEWSW
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many of the area has memories of irene on their minds. irene caused billions of dollars of damage. already people here are getting ready for what some are calling the perfect storm. one saw homeowner sandbagging his home yesterday. this is the calm before the storm which is why experts say it is time to get yourself a disaster preparation kit. make sure you have bottled water, batteries and plenty of food on hand in case the storm does the damage it is expected to do. we are live in belmar, new jersey robert moses, fox news. >>> robert, thank you so much. >>> the fiscal cliff is still too much off but the tax hikes and spending cuts already hampering our economy. diane mess is heis here. >> the fiscal cliff may not have hit left but it is already hampering growth in the u.s. economy wiping out nearly 1 million jobs so far this year. the report goes on to forecast if congress fails to avert the cliff 6 million jobs will be lost before 2014 sending the unemployment rate up to 12 percent. part of the problem is the anticipation of the cliff. we are looking at 100 billion automatic cut
many of the area has memories of irene on their minds. irene caused billions of dollars of damage. already people here are getting ready for what some are calling the perfect storm. one saw homeowner sandbagging his home yesterday. this is the calm before the storm which is why experts say it is time to get yourself a disaster preparation kit. make sure you have bottled water, batteries and plenty of food on hand in case the storm does the damage it is expected to do. we are live in belmar, new...
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Oct 31, 2012
10/12
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CNBC
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just because of irene last year, it's a little bit of a blessing irene came through last year, probably not the way people felt at the time, but certainly now this port was ready for whatever this hurricane threw at us. >> i guess, you know, the media has done a lot with the bounty, it had to be an odd set of circumstances that brought about the sinking of this old ship that was used in filming of the movie. what can you tell us about what happened there. >> i'm afraid i can't tell you a whole lot about what happened there other than i know coast guard responded. that happened off the north carolina coast? >> yeah, it was moving somewhere, but to be caught up in just bizarre. sometimes the news is stranger than fiction. but yeah, i know apparently i just saw on the intro to you that the captain of that ship is, i guess, they're still searching for the body. i think most of the people were -- >> 16 of the 18 were found and rescued, one was brought in and i think had been in serious condition. they had not been able to resuscitate her last i'd heard. >> what's going on today, captain? wha
just because of irene last year, it's a little bit of a blessing irene came through last year, probably not the way people felt at the time, but certainly now this port was ready for whatever this hurricane threw at us. >> i guess, you know, the media has done a lot with the bounty, it had to be an odd set of circumstances that brought about the sinking of this old ship that was used in filming of the movie. what can you tell us about what happened there. >> i'm afraid i can't tell...
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Oct 29, 2012
10/12
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MSNBCW
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just for a perspective historical sense, we had our water rise with irene at 4.4 feet. this is already a foot higher, and it will get a lot higher, too. once that center moves inland, we will start to see a southerly wind and bring more water up into this region. so once -- just because the center has come onshore doesn't mean it's over. we have a lot of onshore flow on long island and jersey coast. 4 to 8 feet on the coast, long island sound, 6 to 11 feet, that includes places around that. farther to the northeast, 3 to 6 feet and 2 to 4 feet farther north along the coast of massachusetts. this is unincredible storm many of us have he never seen the likes of. back to you, guys. >> sandy is already having an impact on the presidential race. early voting has been canceled in some places. the president and mitt romney are off the stump. which candidate could benefit from the storm? why i say maryland is a good example why mother nature might matter next tuesday. that's next. [ male announcer ] humana and walmart have teamed up to bring you a low-priced medicare prescripti
just for a perspective historical sense, we had our water rise with irene at 4.4 feet. this is already a foot higher, and it will get a lot higher, too. once that center moves inland, we will start to see a southerly wind and bring more water up into this region. so once -- just because the center has come onshore doesn't mean it's over. we have a lot of onshore flow on long island and jersey coast. 4 to 8 feet on the coast, long island sound, 6 to 11 feet, that includes places around that....
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Oct 29, 2012
10/12
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FBC
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they are remembering what happened with irene last year. other people are saying, you know, we have been through the storms before. we are hunkering down and we are not leaking. of course, our fingers are crossed for them. connell: along the shoreline, for better or worse with a large group of people. dagen: breaking news on the water moving into new york city and manhattan our sister station is reporting that parts of fdr drive, this is one of the two main arteries in and out of new york city that runs along the edge of manhattan. on the east side of manhattan is fdr drive, that is now underwater according to fox five. fdr drive is on the east side of manhattan. this is a critical artery of moving traffic in and out of new york city. at 2:00 p.m. eastern time, both the holland and brooklyn battery tunnel will be closing. if people are not in the city or out of the city in a matter of hours, you will not have a choice. you will have to stay right where you are. dagen: if you went up the right side of the horseshoe there, the east river is t
they are remembering what happened with irene last year. other people are saying, you know, we have been through the storms before. we are hunkering down and we are not leaking. of course, our fingers are crossed for them. connell: along the shoreline, for better or worse with a large group of people. dagen: breaking news on the water moving into new york city and manhattan our sister station is reporting that parts of fdr drive, this is one of the two main arteries in and out of new york city...